Aditya Birla Sun Life Insurance Assured Savings Plan

At a Glance

Life is all about achieving your dreams without the fear of uncertainties. Dreams are essential as they provide the    motivation and determination for succeeding in Life. With a disciplined approach and adequate life insurance cover, all your dreams can become a reality. So, wouldn’t it be great if you get a cushion of Guarantee to fulfil your dreams?

Yes! With ABSLI Assured Savings Plan, you can create a cushion of Guarantee for all your dreams. ABSLI Assured Savings Plan provides life insurance cover and savings benefits to safeguard your family members from financial crisis in case of an unfortunate event, while helping you accumulate lumpsum benefits to achieve all your dreams.

Key Features

• • Guaranteed* Maturity Benefit: Lumpsum benefits to cater to your life’s milestones, worry free.   
  • Loyalty Additions: Loyalty Additions are added to your policy to boost your maturity corpus, provided all due premiums have been paid.
  • Boost for your maturity corpus: Get higher maturity benefit with higher premium paying policies.
  • Financial Security for your loved ones: Get comprehensive risk cover in case of death of life insured.    
  • Joint Life Protection Option: Cover your Spouse in the same policy through Joint Life Protection option.
  • Flexibility: Choice of various Premium Payment Terms, Policy Terms and Sum Assured Multiples to suit your requirements.
  • Enhance your Protection: Avail additional risk cover through Riders on payment of additional premium.

Key Benefits

DEATH BENEFIT
In the event of death of the Life Insured during the Policy Term and provided that the Policy is In-force, the Death Benefit will be payable to the Nominee(s)/ Legal heir(s). Nomination can only be effected if the Policyholder and Life Insured are the same.

We will pay a lump sum guaranteed “Death Benefit” which shall be, if:

• Sum Assured on Death; plus
• Accrued Loyalty Additions (if any)

• Higher of Sum Assured on Death or Guaranteed* Maturity Benefit; plus
• Accrued Loyalty Additions (if any)

Where, The Sum Assured on death is:

For Single Pay policies:

• Sum Assured

For Limited Pay policies: Higher of,

• 150% of the Total Premiums Paid up to the date of death
• Sum Assured

where Sum Assured is equal to a multiple, depending upon Life Insured’s age at inception of the Policy, of the Annualized Premium or Single Premium.

Maturity Benefit

On Survival of the Life Insured till the end of the Policy Term provided the Policy is in-force and all due Instalment Premiums under the Policy have been paid, you will receive lumpsum Maturity Benefit which shall be:

• Guaranteed Maturity Benefit; plus
• Accrued Loyalty Additions

Type of Plan

Disclaimer

* The guaranteed benefits are applicable only if all due premiums are paid.

Life coverage is available under this product.

DBS Bank India Limited (IRDAI Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. 

“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”

This is a Non-Linked Non-Participating Individual Savings  Life Insurance Plan). GST and any other applicable taxes will be added (extra) to Your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. Tax benefits may be available as per prevailing tax laws. All policy benefits are subject to policy being in force. Policyholder and Life Insured can be different under this product. In all situations, it is ensured that the Policyholder has an insurable interest in the Life Insured.

Should you need any further information from us, please contact us on the below mentioned address and numbers or visit our website. For more details on risk factor terms and conditions, please read sales brochure before concluding the sale.

Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 1-800-270-7000 Website: www.adityabirlasunlifeinsurance.com IRDAI Reg No.109
CIN: U99999MH2000PLC128110
UIN: 109N134V12   ADV/6/25-26/438

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

(UIN: 109N134V12)

How to Apply